Investing.com -- PhillipCapital downgraded Spotify Technology SA (NYSE:SPOT) to “Neutral” from “Accumulate” on limited upside after recent share price gains, despite strong fourth-quarter results.
Spotify’s Q4 revenue grew 16% year-over-year, with net margin expanding by 5.5 percentage points. Monthly active users (MAUs) reached 675 million, exceeding guidance by 10 million, while premium subscribers rose 11% to 263 million.
The firm raised its price target to $600 from $485 but kept its 2025 financial assumptions unchanged. While Spotify remains the leader in audio streaming with a growing subscriber base and cost efficiencies, PhillipCapital sees the stock as fully valued at current levels.
“SPOT continues to be the industry leader in audio streaming with its growing subscriber base, lower cost structure, and pricing power. Yet we do not see much upside due to full valuations,” analyst said.
Related Articles
PhillipCapital downgrades Spotify on valuation concerns
Starbucks sued by Missouri over DEI, alleged racial bias
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.07%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。